Old Dominion Freight Line Inc technical rating as of
2016-08-24
(ODFL Stock Price as of Publication: $70.30)

This is a technical analysis stock rating for Old Dominion Freight Line Inc (NASDAQ:ODFL) . The company has a five bull technical rating which indicates extreme strength.
The danger here is
a potentially overbought situation, but for now, the stock price is moving abruptly higher and through resistance.

ODFL is up +10.1% over the last three months and up +10.8% over the last six months. The stock price is up +6.7% over the last year. The current stock price is $70.30.

ODFL Stock Returns

The technical rating goes from one, the weakest upside technical, to five,
the highest upside technical and focuses on the real-time stock price relative to various moving averages as well as
moving averages relative to each other. This is a proprietary weighted technical model built by Capital Market Labs (CML).

Note the stock price at publication ($70.30), since the technical rating is based on intraday stock prices.

Technicals | Support: 69.37 | Resistance: 70.85

Golden Cross Alert: The 50 day MA is now above the 200 day moving average.Swing Golden Cross Alert: The short-term 10 day moving average is now above the 50 day moving average.

Old Dominion Freight Line Inc has a five bull (top rated) technical rating because it's trading above its 10-, 50-and 200- day simple moving averages
and the stock is up 0.72% on the day the day.

The general theory behind ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on
various scan results and that creates a reinforcing trend for the stock price in a direction. It's a mix of art and science,
but for the technically focused trader it can be a powerful input to the overall analysis.

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